How to Choose the Right Renovation Loan for youWhether you’re planning some DIY fixes or a major renovation, here’s a guide to choosing the financing option that best fits your needs. What is a home renovation loan? Technically, there is no such product as a ‘home renovation loan’. A construction loan is probably the closest there is on the market to a dedicated ‘renovation loan’ product as it allows you to make major changes and renovations to your home. Not everyone has the magic money tree for a big renovation loan.